Question 30
BankingThe bank on which a cheque is drawn is known as the
- A.drawer.
- B.drawee.
- C.cashier.
- D.payee.
Show the answer and explanation
Answer: B (drawee.)
Explanation
The bank ordered to pay is the drawee.
The bank on which a cheque is drawn is known as the
Answer: B (drawee.)
The bank ordered to pay is the drawee.